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Big Bond Loan Bid Ties Up 50 Million Dollar Issue
The Stewart syndicate won the entire 50 million dollar new bond loan. 8 million in gold was deposited in New York as the first installment, with 5 million in bonds ready for delivery and the remaining 45 million to follow after December 3. The syndicate projects 50 to 55 million in net gold to the Treasury, aided by deposits from multiple banks and cities. Three selling agents were appointed to market portions of the issue at rising prices, while part of the bonds may go to London.
MENTIONED IN THIS ARTICLE
Washington
Carlisle
Stewart Syndicate
Sub-Treasury
New York
Curtis
United States Trust Company of New York
John A. Stewart
Drexel, Morgan & Co
Union Trust Company of New York
Edward King
First National Bank of New York
Harvey Fisk & Sons
Boston
Brewster, Cobb & Estabrook
Winslow, Lanier & Co
E. Rollins Morse & Bro
Bleake Bros & Co
Bank of British North America
City National Bank
United States Trust Company
Philadelphia
Chicago
Phiadelphia
San Francisco
Cincinnati
Drexel, Morvan & Co
First National Bank